Tc Energy (TCNCF) Operating Expenses (2009 - 2025)

Tc Energy has disclosed Operating Expenses across 17 years of filings, most recently posting $915.0 million for Q4 2025.

• Operating Expenses for Q4 2025 came in at $915.0 million, up 6.43% year-over-year; the trailing twelve-month figure through Dec 2025 was $3.3 billion (up 2.69% YoY), and the FY2025 annual result was $3.3 billion, up 2.56% from the prior year.
• Operating Expenses came in at $915.0 million for Q4 2025 at Tc Energy, up from $836.4 million in the prior quarter.
• Over the last five years, Operating Expenses for TCNCF reached as high as $1.0 billion in Q4 2022 and fell as low as -$868.7 million in Q4 2021.
• Median Operating Expenses over the past 5 years was $825.1 million (2023), compared with a mean of $764.7 million.
• Year-over-year, Operating Expenses slumped 207.96% in 2021 and jumped 219.66% in 2022.
• Over 5 years, Operating Expenses stood at -$868.7 million in 2021, then jumped by 219.66% to $1.0 billion in 2022, then decreased by 21.71% to $813.9 million in 2023, then increased by 5.64% to $859.7 million in 2024, then advanced by 6.43% to $915.0 million in 2025.
• Per Business Quant, the three latest TCNCF Operating Expenses figures stand at $915.0 million (Q4 2025), $836.4 million (Q3 2025), and $853.1 million (Q2 2025).